# Boxee

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/boxee

- Industry: Internet
- Headquarters: New York, US
- Website: www.boxee.tv
- Total disclosed funding: $27M
- Latest round: Series C (Mar 1, 2011)
- Investors on record: 5

## About

Boxee, Inc. is a technology company that offers an online platform for streaming live sports, particularly focused on football, catering to users in Vietnam and Southeast Asia.Founded in 2007 and headquartered in New York, US, Boxee, Inc. specializes in online streaming services. The company was acquired by Samsung Electronics Company, Limited in July 2013 for USD 30 mn. The founder, Mbanefo Obiora, had previously been associated with other ventures, contributing to the company's strategic direction.Boxee, Inc. operates Xoilac TV, a prominent online platform in Vietnam dedicated to live sports broadcasting, focusing primarily on football. The service streams live matches from various international leagues including the Premier League and UEFA Champions League, ensuring high-quality broadcasts with Vietnamese commentary across multiple devices.Xoilac TV employs a revenue model based on free streaming access paired with advertising partnerships, particularly with betting companies. This strategy enhances user experience while providing advertisers access to its substantial sports fan base. The platform features various targeted ad placements, increasing engagement with its audience.Following its acquisition by Samsung in July 2013, Boxee plans to leverage recent funding to enhance its streaming technology and expand content offerings. The strategy includes targeting additional Southeast Asian markets, aiming for a broader international reach by 2025, while focusing on ongoing development of new features and services to attract a larger audience.

## Funding rounds

- Series C, Mar 1, 2011, $17M — Pitango, General Catalyst Partners, Union Square Ventures, Spark Capital, SoftBank Group
- Series B, Aug 12, 2009, $6M — General Catalyst Partners, Union Square Ventures, Spark Capital
- Series A, Nov 17, 2008, $4M — Union Square Ventures, Spark Capital

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series B, Series C
- Spark Capital — Series A, Series B, Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B, Series C
- Pitango (https://capitalatlas.ai/funds/pitango) — Series C
- SoftBank Group — Series C